any price cut new from Audi?
11-05-2007, 01:59 PM
#11
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So, Kevin, can you comment your rationale on some of the more explosive points of the debate....
1) Your fear, if any, of warranty issues
2) Your ability to obtain the same level of service at Mini/BMW vis. a Canadian customer
3) Consideration of resale value once you have to sell your Mini.
All of the above are "flashpoints", but most are argued (on both sides) from people who are arguing for the sake of discussion. I'm curious of your viewpoint since you actually bought.
2) Your ability to obtain the same level of service at Mini/BMW vis. a Canadian customer
3) Consideration of resale value once you have to sell your Mini.
All of the above are "flashpoints", but most are argued (on both sides) from people who are arguing for the sake of discussion. I'm curious of your viewpoint since you actually bought.
11-05-2007, 02:30 PM
#12
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Sure!
1) Your fear, if any, of warranty issues
I have it in writing from MINI and BMW that the remaining factory warranty will be honored. 4 years, 80k. The car is an '06 with 12k miles, so I have 2.5 years and ~60k left. I lose the 4 years free maintenance (~$500 value, max), I also lose the CPO warranty but can re-purchase it here ($1300). Should they change there policy that would suck; but can I rack up $12k in warranty bills anyway? Knock on wood, but I doubt it.
2) Your ability to obtain the same level of service at Mini/BMW vis. a Canadian customer
Well, if I didn't have a relationship with the Mini Oakville guys I still wouldn't be worried, but I do, so I am not.
3) Consideration of resale value once you have to sell your Mini.
This is the easiest one. Here are the details.
Car I bought = 2006 Mini Cooper S, Pano roof, sport, leather, a couple other options. Price = $19,990 US. Total price into Canada will be about $24k CAD.
The same car in Canada (~20k km, similar options) are $30,400 to $31,200 WITHOUT tax, so ~$36000 or so with. That's a $12k difference; there is no way I will eat that if I sell in 2 years, and definitely no way after that. How do I know? Well, what does 19,900 cad get you right now for Cooper S's. If you're lucky an '03, mostly an '02 with well over 100k on them. Mini Oakville just sold one we looked at, 2004 Cooper S with 79,913k for $25,900.
Honestly, in the last 3 months I've worked on, conservatively, 20 cars brought in from the US. Every guy has said the same things. "I can't believe how much easier it was than I thought it would be" and "I'd do it again for sure". As long as the paperwork is in order it seems like a no brainer right now. I completely understand the predicament Canadian dealers are in right now, but all the scare tactics and incentives in the world don't make it more sensible to buy a used car in Canada right now.
I have it in writing from MINI and BMW that the remaining factory warranty will be honored. 4 years, 80k. The car is an '06 with 12k miles, so I have 2.5 years and ~60k left. I lose the 4 years free maintenance (~$500 value, max), I also lose the CPO warranty but can re-purchase it here ($1300). Should they change there policy that would suck; but can I rack up $12k in warranty bills anyway? Knock on wood, but I doubt it.
2) Your ability to obtain the same level of service at Mini/BMW vis. a Canadian customer
Well, if I didn't have a relationship with the Mini Oakville guys I still wouldn't be worried, but I do, so I am not.
3) Consideration of resale value once you have to sell your Mini.
This is the easiest one. Here are the details.
Car I bought = 2006 Mini Cooper S, Pano roof, sport, leather, a couple other options. Price = $19,990 US. Total price into Canada will be about $24k CAD.
The same car in Canada (~20k km, similar options) are $30,400 to $31,200 WITHOUT tax, so ~$36000 or so with. That's a $12k difference; there is no way I will eat that if I sell in 2 years, and definitely no way after that. How do I know? Well, what does 19,900 cad get you right now for Cooper S's. If you're lucky an '03, mostly an '02 with well over 100k on them. Mini Oakville just sold one we looked at, 2004 Cooper S with 79,913k for $25,900.
Honestly, in the last 3 months I've worked on, conservatively, 20 cars brought in from the US. Every guy has said the same things. "I can't believe how much easier it was than I thought it would be" and "I'd do it again for sure". As long as the paperwork is in order it seems like a no brainer right now. I completely understand the predicament Canadian dealers are in right now, but all the scare tactics and incentives in the world don't make it more sensible to buy a used car in Canada right now.
11-05-2007, 03:46 PM
#15
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I read in an article that many people who don't want to buy from US are just playing a waiting game
waiting for the dealers to drop their prices. I think the consumer on a large capital purchase like a car will have more patience than the dealer/mfr...
11-06-2007, 05:58 AM
#20
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Beemer and Benz give 10% cut for cash buyers now. (see inside)
the game is on. since the USD will be weak in the long-run, which benefit the States. A weak USD will be there probably a decade because the old international trading system is undergoing big changes and the us goverment already gave up the strong dollar policy and export inflation to other countries and reduce its real treasury debt it sold over 1 Trillion usd to foreign investment. it is just a matter of time for any Canada dealer to cut their price. The waiting time would not be too long.